VMS TMT plans to use Rs11,500 Lakhs of the net proceeds to repay debt, with the balance allocated for general corporate purposes. The Initial Public Offering (IPO) is comprising fresh issue up to 1,50,00,000 equity shares.
FinTech BizNews Service
Mumbai, July 25, 2025: VMS TMT Limited (“VMS TMT”), a manufacturer of Thermo Mechanically Treated Bars (TMT Bars), has received nod from the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO) comprising fresh issue up to 1,50,00,000 equity shares. The company filed its Draft Red Herring Prospectus (DRHP) dated March 27, 2025.
VMS TMT plans to use Rs11,500 Lakhs of the net proceeds to repay debt, with the balance allocated for general corporate purposes.
The equity shares are proposed for listing on the BSE Limited and National Stock Exchange of India Limited.
Arihant Capital Markets Limited is appointed as the Book-Running Lead Manager for the Issue.
VMS TMT Limited is engaged in manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”), having its manufacturing facility located in Bhayla Village, Ahmedabad, Gujarat. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance.
The company conduct its business predominantly in the State of Gujarat, generating over 97.49% of its revenues from operations from the state. VMS TMTL Limited has strategically focused on the retail segment, which contributes more than 77.48% of its total revenue from operations in current periods.
The company markets and sells TMT bars under the Kamdhenu brand. Currently, VMS TMT has a robust distribution network comprising 3 distributors and 227 authorized dealers. This network covers major regions across Gujarat, excluding Saurashtra and Kutch areas.
